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20110712
20110712
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in business news. big losses on stock markets overnight. >> indeed, catherine. europe and wall street sliding overnight. new york stocks tumbled on monday on growing concerns that greece's fiscal problems could spread to other european countries such as italy and spain. the dow jones industrial average lost more than 180 points at one stage, closing the day at 12,505, down 151 points from friday's finish. sell orders surged for a wide range of issues. earlier in the day, european stocks were down across the board. market sources say investors are speculating eu stress tests for regional lenders could reveal problems that are weighing down on italian banks. results will be announced later this week. italy's long-term bond prices have plummeted on the speculation. >>> now let's go check on tokyo shares after a considerable setback on wall street and continued concerns in europe. we go to ramin mellegard who is at the tokyo stock exchange. italy emerging as the next big story. >> very good morning to you, ai. we're really seeing that reflected in the markets here at the open boat the nikkei down
for choice. in the crowded cities of india, big isn't always best. more and more indians are choosing cars that are easy to afford as well as easy to park. >> reporter: in new delhi's business district. 2.5 million automobiles were sold in india last year which is up 120% from five years ago. japanese car maker nissan motor built a factory in india last year and introduced the low-priced model entering this giant model in earnest. nissan's rivals are not lagging behind. this popular model from germany's volkswagen is next. toyota also introduced a low-priced automobile. it costs about 9,000 u.s. dollars. the least expensive of all sold in india. hatch backs which are shorter than ordinary cars are especially popular in india's growing market of inexpensive automobiles. in the center of new delhi in this parking lot, you can see large number of hatchback cars parked here. hatchbacks are popular because they are easy to park. there are not enough parking lots. a car parks too close on this street of the business district. >> parking problem, you have to have a hatchback vehicle. >> reporter:
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